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US productivity increases 4.9% in third quarter - Black News Channel

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By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — U.S. productivity increased between July and September but at a slower pace than in the previous quarter. Productivity advanced 4.9% in the third quarter, following an even larger 10.6% surge in the second quarter, the Labor Department reported Thursday. Labor costs fell by 8.9% in the third quarter after rising by 8.5% in the second quarter. Productivity measures the amount of output per hour of work and is a key component in rising living standards. Economists had expected a slowdown in the third quarter after the big second quarter gain.

The post US productivity increases 4.9% in third quarter appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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